SOURCE: AmbiCom Holdings

AmbiCom Holdings

February 23, 2011 08:30 ET

AmbiCom Expands to Larger Facility as Result of Growing Business and Upcoming Completion of E-Care Technology Acquisition

MILPITAS, CA--(Marketwire - February 23, 2011) - AmbiCom Holdings, Inc. (OTCBB: ABHI), a leading designer and developer of wireless products primarily for the wireless medical industry, today announced that as a result of an increase in its existing business and expected growth once the previously-announced acquisition of E-Care technology Co., Ltd., is completed, the company has signed a lease for larger facilities at 500 Alder Drive, in Milpitas. The move, which is expected to be completed by March 1, is in response to increased demand for AmbiCom's products from clients in the medical industry as well as automotive industry.

AmbiCom announced late last year that it had entered into a definitive agreement to acquire 100% of E-Care Technology, a Taiwan Corporation that manufacturers thermometers for adults and children, unique thermometers and pets and a digital intra-oral camera. The acquisition is expected to be completed shortly.

About AmbiCom
AmbiCom is headquartered in San Jose, California, and is a leading designer and developer of wireless products focusing on the wireless medical industry. The Company's wireless modules and devices are based on the Company's innovative application software for both Wi-Fi and Bluetooth technologies. AmbiCom is committed to wireless design and development of software and hardware, and to bringing new and innovative products to the wireless medical markets and other sectors. The Company plans to grow organically, and to augment that growth by selectively acquiring complementary products and technologies via acquisition opportunities deemed to be of strategic value.

Forward-Looking Statements

This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our ability to maintain our website and associated computer systems, our ability generate sufficient market acceptance for our shipping products and services, our inability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company's Current Report on Form 8-K filed on November 13, 2007, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

Contact Information

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    Beverly Jedynak
    Martin E. Janis & Company, Inc.
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